James Lachance - Apr 1, 2024 Form 4 Insider Report for Terran Orbital Corp (LLAP)

Role
Director
Signature
/s/ James S. Black, attorney-in-fact
Stock symbol
LLAP
Transactions as of
Apr 1, 2024
Transactions value $
$0
Form type
4
Date filed
4/3/2024, 06:00 PM
Previous filing
Feb 29, 2024
Next filing
Oct 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LLAP Common Stock, par value $0.0001 per share Options Exercise $0 +8.33K +2.54% $0.00 336K Apr 1, 2024 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Options Exercise $0 +95.1K +28.32% $0.00 431K Apr 3, 2024 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Award +20.9K +4.84% 452K Apr 3, 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LLAP Restricted Stock Units Award $0 +134K +91.01% $0.00 280K Apr 1, 2024 Common Stock 134K $0.00 Direct F3
transaction LLAP Restricted Stock Units Options Exercise $0 -8.33K -2.97% $0.00 272K Apr 1, 2024 Common Stock 8.33K $0.00 Direct F4
transaction LLAP Restricted Stock Units Options Exercise $0 -95.1K -34.96% $0.00 177K Apr 3, 2024 Common Stock 95.1K $0.00 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired represent settlement of vested restricted stock units on a one-for-one basis.
F2 Shares of common stock issued on April 3, 2024 in lieu of cash retainers accrued for service on the Board for the period of January 1, 2024 through March 31, 2024, at a price of $1.31 per share, the closing price as of March 28, 2024.
F3 Includes 133,588 restricted stock units granted as part of the annual compensation for service as a director, each representing a contingent right to receive one share of LLAP common stock, subject to vesting in full on the first anniversary of April 1, 2024, the vesting start date.
F4 Each restricted stock unit represents a contingent right to receive one share of LLAP common stock subject to vesting in three equal annual installments on each anniversary of April 1, 2022, the vesting start date.
F5 Each restricted stock unit represents a contingent right to receive one share of LLAP common stock, all of which vested on April 3, 2024.